The Boiler and Pressure Plant (BPP) Insurance policy covers physical loss or damage to all types of Boilers and/or other pressure plants, where steam is being generated.
Damage (other than by fire) to the Boiler and/or other Pressure Plant described in the Schedule/Damage (other than by fire) to surrounding property/Liability to Third Party due to
Additional Covers
Express freight
Air freight
Owners Surrounding Property
Escalation
Third party Liability
Additional custom duty
General Exclusions
Loss or damage arising from fire and allied perils which can be covered separately
Damage by chemical explosion except in recovery boilers and waste heat boiler
Contractual liability, manufacturer's/suppliers liability, consequential loss of use of boiler
Loss arising from an existing defect
War group of perils, Social group of perils
Nuclear perils
Loss due to gross negligence or any willful act or willful neglect on the part of Insured
Failure of individual tubes
Wearing, Wasting of boiler materials, Grooving of fracturing of any part of the boiler, general deterioration etc.